Indonesia Crypto Exchange Launches First Crypto Asset Index, CFX10
Jakarta - Indonesian Crypto Exchange PT Central Finansial X (CFX) has launched the country’s first crypto asset index, the CFX10, as a comprehensive reference for market participants and a key indicator reflecting national crypto market conditions.
CFX President Director Subani said in an official statement in Jakarta on Tuesday that the birth of the CFX10 index was driven by market demand for a product that can reflect market conditions. He noted that there are currently thousands of crypto assets on the Digital Financial Asset List (DAKD) issued by CFX, whose prices can change at any time and differ from one another.
“So when we talk about the crypto asset market, there has been no single parameter that can represent the overall condition of Indonesia’s crypto asset market. The presence of the CFX10 index can serve as a credible reference for crypto asset consumers because it is built on a transparent methodology,” Subani said.
The CFX10 index measures the performance of the top ten crypto assets on the DAKD determined by CFX. In determining the CFX10 constituent list, CFX uses several criteria, one of which is the market capitalisation of the crypto asset. The index calculation is based on the availability of crypto asset trading data reported to CFX.
To ensure the CFX10 Index continues to display market price movements and reflects real market conditions, the index constituents are evaluated every three months. The current CFX10 constituent list consists of Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), XRP (XRP), Solana (SOL), Tron (TRX), Dogecoin (DOGE), Hyperliquid (HYPE), Bitcoin Cash (BCH) and Cardano (ADA).
To ensure quality and stability, four main criteria must be met. First, the crypto asset must have a monthly transaction volume above the average of all crypto assets listed on the DAKD over the last three months. Second, the crypto asset must be traded on a number of Physical Crypto Asset Traders with a minimum limit equivalent to the industry average over the last three months. Third, crypto assets from the stablecoin, wrapped asset and staked asset categories are excluded. Fourth, the final determination of the 10 index constituents is based on the top rankings by global market capitalisation that have met all the above criteria.
Subani said the launch of the CFX10 Index is a concrete manifestation of the commitment to building a ‘Pillar of Trust’ in the national crypto ecosystem. “Data transparency is the foundation, and on top of that foundation, CFX will continue to spur the birth of new product innovations and can increase the competitiveness of the national crypto asset industry. Going forward, we hope this index can become the embryo for the development of other innovative derivative products,” Subani concluded.